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Tag: longterm

Long-term care insurance costs are way up. How advisors can help clients cope

Long-term care insurance costs are way up. How advisors can help clients cope

Finance
Westend61 | Westend61 | Getty ImagesChad Chubb, a certified financial planner, walked a 66-year-old client through four premium increases on her long-term-care insurance policy.In all, the retiree, who is single, has seen her annual premiums rise by more than 60% over the last six years. Her cost in 2018 was $ 2,721, up from $ 1,626 in 2013.Expenses notwithstanding, she's planning on keeping her policy, which she originally purchased in 2005."I understand that the price she pays today for the quality of policy she has is still excellent," said Chubb, founder of WealthKeel in Philadelphia."But that doesn't take away from how these types of increases can and will catch older individuals off guard," he said. "Especially if they are on a fixed income."Chubb's client isn't the only one getting ...
Study: 1 in 5 elderly people in long-term care dies in 5 years

Study: 1 in 5 elderly people in long-term care dies in 5 years

Health
Aug. 26 (UPI) -- Long-term acute care hospitals are supposed to restore independence in people who are have a variety of illnesses, but a new study suggests that for most that isn't the case. Fewer than 1-in-5 older adults treated at long-term facilities live beyond five years, according to research published Monday in the Journal of the American Geriatrics Society. And those who do survive often go on to develop cancer or other deadly conditions. "Understanding the clinical course after long-term acute care hospitals admission can inform goals of care discussions, planning for care at the end of life and prioritizing health care needs," lead author Anil Makam, a researcher at the University of California at San Francisco and study lead author, said in a news release. "It also may lead s...
‘Earnings could be volatile,’ long-term market bull warns

‘Earnings could be volatile,’ long-term market bull warns

Finance
An earnings season that delivers will play an integral role in whether the market can maintain all-time highs, according to Crossmark Global Investments' Victoria Fernandez.The chief market strategist believes Wall Street is completely discounting second earnings expectations right now, and that leaves little room for disappointments when the season kicks off this Monday. "Earnings could be volatile," she said Friday on CNBC's "Trading Nation. "But according to Fernandez, a long-term bull, a setback would likely be short-lived. "We do think that the trend will be higher in the markets," she said. "[Investors] feel like the Fed has their back, and so the markets are continuing to run on that."On Friday, the major indexes saw all-time intraday highs and fresh record closes. Since the be...
Lockheed signs long-term contracts with supplier for lower costs, better availability

Lockheed signs long-term contracts with supplier for lower costs, better availability

Business
April 19 (UPI) -- Lockheed has moved sub-contractors into performance-based logistics contracts or master repair agreements to improve capacity, reduce costs and enhance supply availability, the company announced this week. "As the F-35 fleet expands, we are partnering with our customers and taking aggressive actions to enhance F-35 readiness and reduce sustainment costs," Greg Ulmer, Lockheed Martin vice president and general manager of the F-35 program, said in a news release Wednesday. "The F-35 global supply chain is a key enabler to success, and we're restructuring and streamlining several contracts with key industry partners to provide the long-term stability that will allow them to make investments, improve efficiencies and optimize their performance." The performance-based logist...